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Class III milk and cheese prices have been moving sharply day to day. The February Class III price fell from above $21 per cwt earlier in January to around $19 that week, as spot cheese reached its lowest level since mid-December.
Trump's planned early-February tariff on Mexico is also weighing on sentiment because Mexico is a major cheese export market.
Expanding cheese output from new plants combined with the risk of Mexican retaliation points to softer dairy product prices, which lowers milk returns and feed demand for dairy operations.
midwestfarmreport.comPam Jahnke2025年1月26日在过去 49 次看跌的贸易事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.3%（39% 上涨；中间一半区间为 -4.7% 至 +1.5%），20 个交易日内为 -0.4%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
